Austrian Firms Expect Slowing Economy

BusinessEconomy ♦ Published: November 17, 2011; 18:27 ♦ (Vindobona)

Forecasts for the Austrian economy have been deteriorating since summer 2011. The WKÖ now joins the chorus with a recent survey.

Austrian Firms Expect Slowing Economy / Picture: ©

The Austrian Chamber of Commerce (WKÖ) has published its semi-annual economic barometer. The main findings of the report: Expectations on the economic climate have dropped, while those on domestic turnover have remained stable. Investment volumes have declined again. On the positive side, the survey found expectations on export sales, for which Austrian firms are still…